You're spot-on—this is indeed breaking news (as of August 2025). Here’s a quick breakdown of what’s happening with Norway’s sovereign wealth fund and its Bitcoin exposure:
Summary: Norway's Sovereign Wealth Fund & Bitcoin Exposure
Significant Increase in Indirect Bitcoin Holdings
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM) and valued at around US $1.9 trillion, has increased its indirect exposure to Bitcoin by 192% year-over-year. As of Q2 2025, NBIM holds 7,161 BTC, up from 3,821 BTC at the end of 2024—a gain of 3,340 BTC. This BTC is valued at approximately US $844 million at current market prices .
How the Exposure Was Achieved
NBIM didn’t purchase Bitcoin directly. Instead, it increased its holdings in publicly traded companies that themselves hold large Bitcoin reserves.
Strategy (formerly MicroStrategy) — contributed about 3,005.5 BTC.
Marathon Digital — added about 216.4 BTC.
Other contributors include Block (85.1 BTC), Coinbase (57.2 BTC), and Japan’s Metaplanet (50.8 BTC) .
Broader Institutional Context
Analysts, including Vetle Lunde of K33 Research, interpret this as a growing trend: institutional investors, even conservative sovereign wealth funds, are gaining exposure to Bitcoin—indirectly—through corporate equity investments. It reflects a cautious yet strategic approach to diversification and adoption of digital assets .$BTC